Posts Tagged ‘income’

Small Business Accounting-Ledger control

Save Money With Small Business Accounting Author: Terry Cartwright Bookkeeping and accounting for small business does not have to be as complex as it might first appear and can produce a financial result if a small business uses that information to take action. Sales Invoices A sales invoice is a prime document. In more advanced [...]

Basic Bookkeeping Vs Outsourcing Bookkeeping Service.

Pros and Cons of Doing the Bookkeeping or Outsourcing to a Bookkeeping Service Author: Terry Cartwright Every small business is required to keep bookkeeping records to produce at the end of the financial year a set of accounts to show the sales income, business expenses and the net profit for tax purposes. Medium and larger [...]

How much of my earnings should I put aside for tax?

Hi…Im starting a new business on my own where I charge £100 per hour…and will probably earn an average of £500 a week but I’m not sure how much of that I should put up to pay my taxes at the end of the year?? Your Answer: Firstly you don’t say what type of tax [...]